TVI Pacific Provides First Quarter 2013 Financial and Operational Results

About this update from Tvi Pacific Inc.

[{"type":"text","content":"\n\n\n\n\n\nTSX: TVI  OTCQX: TVIPF\n\n\nCALGARY, May 14, 2013 /CNW/ - TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) (TVI or the Company) today announced its unaudited, consolidated\n financial and operational results for the quarter ended March 31, 2013.\n\n\nFor a thorough explanation of the points discussed in this news release,\n shareholders are encouraged to read the unaudited interim consolidated\n financial statements, prepared in accordance with International\n Financial Reporting Standards (IFRS), and the management's discussion\n and analysis for the quarters ended March 31, 2013 and March 31, 2012,\n and the audited consolidated financial statements for the years ended\n December 31, 2012 and 2011.  These documents were filed with certain\n securities regulators in Canada, and are available on our web site (www.tvipacific.com or under our profile on SEDAR www.sedar.com).\n\n\nQ1 2013 Highlights\n\n\n\nNet revenue of $10.2 million realized from the mining segment\n\n\nNet loss of $0.6 million\n\n\nEarnings before interest, depreciation and accretion of $1.9 million\n\n\nCash balance of $7.6 million at quarter end\n\n\nShort term debt facilities of $6.9 million (average interest rate of\n 2.00%)\n\n\nA working capital surplus of $11.3 million\n\n\n\nFinancial Highlights\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nQuarter ended\nMarch 31, 2013\n\n\n \n\n\n \n\n\n \n\n\nQuarter ended\nMarch 31, 2012\n\n\n \n\n\n \n\n\n \n\n\nQuarter ended \nDecember 31, \n2012\n\n\n\n\n●\n\n\n \n\n\n \n\n\n \n\n\nGross revenue ($ million)\n\n\n \n\n\n \n\n\n \n\n\n      $11.4\n\n\n \n\n\n \n\n\n \n\n\n      $16.9\n\n\n \n\n\n \n\n\n \n\n\n      $24.0\n\n\n\n\n●\n\n\n \n\n\n \n\n\n \n\n\nNet revenue ($ million)\n\n\n \n\n\n \n\n\n \n\n\n      $10.2\n\n\n \n\n\n \n\n\n \n\n\n      $14.4\n\n\n \n\n\n \n\n\n \n\n\n      $20.6\n\n\n\n\n●\n\n\n \n\n\n \n\n\n \n\n\nTotal cost per Copper Pound Equivalent(1)(US$)\n\n\n&#x...

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